Latest Action: 05/22/2008 - Sponsor introductory remarks on measure. (CR S4796)

Bill Text
A bill to amend title XI of the Social Security Act to provide grants for eligible entities to provide services to improve financial literacy among older individuals.

5/22/2008--Introduced.

Amends part A (General Provisions) of title XI of the Social Security Act to direct the Secretary of Health and Human Services to make grants to enable eligible entities to provide services to improve financial literacy among older individuals, including family members and legal representatives of such individuals.

Authorizes the Secretary to make such a grant to a national support center to: (1) coordinate services provided through the grant program; and (2) support grant recipients.

Latest Action: 04/21/2008 - Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Dodd. With written report No. 110-327.

Bill Text
An original bill to establish requirements for private lenders to protect student borrowers receiving private educational loans, and for other purposes. 4/21/2008--Reported to Senate without amendment.    (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)Private Student Loan Transparency and Improvement Act of 2007 - Title I: Preventing Unfair and Deceptive Private Educational Lending Practices and Eliminating Conflicts of Interest - (Sec. 101) Amends the Truth in Lending Act to prohibit a private educational lender from: (1) offering or providing any gift to specified educational institutions or their personnel in exchange for any advantage or consideration provided to such lender related to its educational loan activities; or (2) engaging in revenue sharing with such institutions.Prohibits such lender from marketing loans [...]

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Latest Action: 04/29/2008 - Mr. Hinojosa moved to suspend the rules and agree to the resolution.

Bill Text
Supporting the goals and ideals of Financial Literacy Month 2008, and for other purposes.

4/29/2008--Passed House without amendment.    (There is 1 other summary)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Supports the goals and ideals of Financial Literacy Month (April 2008), including raising public awareness about financial education.

Recognizes the importance of managing personal finances, increasing personal savings, and reducing indebtedness in the United States.

Latest Action: 04/01/2008 - Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S2306-2307; text as passed Senate: CR S2306-2307; text of measure as introduced: CR S2300)

Bill Text
A resolution designating April 2008 as "Financial Literacy Month".

4/1/2008--Passed Senate without amendment.    (There is 1 other summary)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Designates April 2008 as Financial Literacy Month to raise public awareness about the importance of personal financial education in the United States and the serious consequences that may result from a lack of understanding about personal finances.

Latest Action: 03/13/2008 - Read twice and referred to the Committee on Finance.

Bill Text
A bill to strengthen and permanently preserve social security. 3/13/2008--Introduced. Saving Social Security Act of 2008 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSA) to add a new part B (Investment-Based Social Security) outlining a new program to allow any individual born on or after January 1, 1963, and meeting certain criteria, to receive Social Security benefits from a portion of their wages or self-employment income that has been contributed to a designated Social Security savings account for employees (SAFE Account) for investment. Guarantees a total monthly benefit to be not less than the monthly benefit promised under the current OASDI program (which is redesignated as part A (Debt-Based Social Security)). Allows certain individuals to elect to waive SAFE account eligibility. Establishes in the Treasury a SAFE Investment Fund which shall be maintained in the same manner as the Thrift Savings Fund (for [...]

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Latest Action: 03/12/2008 - Considered as unfinished business. (consideration: CR H1560-1561)

Bill Text
To reauthorize and reform the national service laws. 3/10/2008--Introduced. Generations Invigorating Volunteerism and Education Act, or the GIVE Act - Amends the National and Community Service Act of 1990 (NSCA) and the Domestic Volunteer Service Act of 1973 (DVSA) to revise the programs under such Acts and reauthorize appropriations for such programs through FY2012. Revises under NSCA: (1) the School-Based and Community-Based Service-Learning programs and Higher Education Innovative Programs for Community Service (Learn and Serve programs); (2) National Service Trust programs (AmeriCorps); (3) the National Civilian Community Corps (NCCC); and (4) the Investment for Quality and Innovation program. Eliminates the current Community-Based Learn and Serve programs. Establishes a new Learn and Serve program, Innovative Service-Learning Programs and Research, providing matching grants to: (1) provide community service-learning opportunities to elementary and [...]

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Latest Action: 02/27/2008 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Bill Text
A bill to provide grants to promote financial literacy. 2/27/2008--Introduced. Financial Literacy Improvement Act of 2008 - Amends the Elementary and Secondary Education Act of 1965 to direct the Secretary of Education to award formula matching grants to states or partnerships between states and experienced nonprofit providers of financial literacy or personal finance education programs. Requires grantees to use 25% of the grant funds to: (1) develop financial literacy standards and assessments for at least three grade levels; (2) create teacher training programs to embed financial literacy or personal finance education into core academic subjects; and (3) evaluate the impact such education has on students' financial literacy. Requires the remaining grant funds to be used for subgrants to local educational agencies (LEAs) or partnerships between LEAs and community organizations, local businesses, or other educational entities to implement such financial literacy [...]

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Latest Action: 02/05/2008 - Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.

Bill Text
To promote youth financial education. 12/6/2007--Introduced. Amends title VI (Flexibility and Accountability) of the Elementary and Secondary Education Act of 1965 (ESEA) to create a new Part D: Promoting Youth Financial Literacy. Allows the Secretary of Education to provide grants to states to: (1) assist local educational agencies and public schools provide financial education programs to students in kindergarten through grade 12; and (2) implement financial education professional development programs for teachers and administrators. Requires a specified amount of the grant funds to be awarded competitively each fiscal year, with the remainder provided to each state on the basis of its share of students in kindergarten through grade 12. Directs the Secretary to make a grant to or contract with an institution of higher education or nonprofit organization that has substantial financial education experience to establish and operate a national clearinghouse of [...]

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Latest Action: 11/16/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
A bill to expand and improve housing counseling services by increasing financial education and counseling services available to homeowners and prospective homebuyers in financial turmoil or who seek credit or other personal financial assistance, and for other purposes.

11/16/2007--Introduced.

Financial Education and Counseling Assistance Act of 2007 - Amends the Housing and Urban Development Act of 1968 to require the Secretary of Housing and Urban Development (HUD) to carry out a grant program to assist eligible organizations to provide financial education and counseling services to homeowners and prospective homebuyers.

Requires the Secretary to give preference to established community-based financial education and counseling organizations capable of providing in-person services.

Prohibits an organization from receiving such financial assistance unless its financial counselors are HUD-certified.

Latest Action: 11/13/2007 - Sponsor introductory remarks on measure. (CR S14298)

Bill Text
A bill to provide Individual Development Accounts to support foster youths who are transitioning from the foster care system.

11/13/2007--Introduced.

Focusing Investments and Resources for a Safe Transition Act, or FIRST Act - Amends the Child Abuse Prevention and Treatment Act to authorize the Secretary of Health and Human Services to make competitive grants to and enter into contracts with states (or state partners) to enable them to establish Individual Development Accounts for qualified foster youth to assist them in achieving self-support for housing, education, vocational training, and specified other purposes after leaving foster care.

Latest Action: 10/04/2007 - Referred to the House Committee on Education and Labor.

Bill Text
To amend and extend the Higher Education Act of 1965. 10/4/2007--Introduced. College Access and Opportunity Act of 2007 - Amends the Higher Education Act of 1965 (HEA) to revise and reauthorize appropriations for HEA programs. Establishes a single definition of institutions of higher education (IHEs) for purposes of their participation in all HEA programs, including title IV student aid programs. Allows IHEs to enroll students who are also enrolled in secondary school. Revises higher education consumer information and public accountability requirements. Imposes educational loan disclosure requirements on lenders and IHEs. Replaces the Teacher Quality Enhancement Grants for States and Partnerships program under title II with a new Teacher Quality Partnership grant program for partnerships of high-need local educational agencies (LEAs), high-need schools, IHEs, and public or private educational organizations. Repeals part B (Preparing Tomorrow's [...]

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Latest Action: 10/04/2007 - Referred to the House Committee on Education and Labor.

Bill Text
To amend the Elementary and Secondary Education Act of 1965 to enable local educational agencies to use amounts received from the Fund for the Improvement of Education for innovative programs to increase learning in financial literacy.

10/4/2007--Introduced.

Amends the Elementary and Secondary Education Act of 1965 to allow local educational agencies to use amounts received under part A (Innovative Programs) of title V for programs to increase students' financial literacy through classroom learning or after school programs.

Latest Action: 10/03/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To encourage savings, promote financial literacy, and expand opportunities for young adults by establishing KIDS Accounts. 10/3/2007--Introduced. America Saving for Personal Investment, Retirement, and Education Act of 2005, or the ASPIRE Act of 2007 - Establishes a KIDS Account Fund in the Treasury. Establishes within the Fund a Kids Investment and Development Savings Account (KIDS Account). Makes eligible to contribute to such account, and to receive a matching federal contribution, any U.S. citizen born after December 31, 2007, and under 18 years of age, whose modified adjusted gross income is below the applicable national median adjusted gross income amount. Creates the KIDS Account Fund Board to establish a default investment program under which, in a manner similar to a lifecycle investment program, sums in each KIDS Account are allocated to investment funds in the KIDS Account Fund based on the amount of time before the account holder attains the age of [...]

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Latest Action: 09/19/2007 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

Bill Text
To amend the Higher Education Act of 1965 to improve and enhance the Gaining Early Awareness and Readiness for Undergraduate Programs (GEAR UP). 8/2/2007--Introduced. GEAR UP Enhancement Act of 2007 - Amends the Higher Education Act of 1965 to revise the Gaining Early Awareness and Readiness for Undergraduate Program (GEAR UP) created to facilitate the transition of low-income high school students into postsecondary education. Establishes a seven year GEAR UP grant period. Requires grantees to provide services to students through their first year of postsecondary education. Revises GEAR UP matching requirements to allow: (1) matching funds to accrue over the duration of a grant; (2) grantees to request that the match be reduced; and (3) each non-federal dollar obligated for student financial aid to be treated as two dollars toward the match. Expands permissible uses of grant funds to include promoting student financial and economic literacy and [...]

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Latest Action: 07/10/2007 - Committee on Health, Education, Labor, and Pensions. Original measure reported to Senate by Senator Kennedy. Without written report.

Bill Text
An original bill to provide for reconciliation pursuant to section 602 of the concurrent resolution on the budget for fiscal year 2008 (S. Con. Res. 21). 7/10/2007--Reported to Senate without amendment.    (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Higher Education Access Act of 2007 - Title I: Grants to Students in Attendance at Institutions of Higher Education - (Sec. 101) Amends the Higher Education Act of 1965 (HEA) to repeal the formula for calculating an individual Pell grant which includes, in part, the sum of the student's tuition. (Thus eliminates the "tuition sensitivity provision" which currently prohibits maximum Pell grant awards to students attending low-tuition institutions of higher education (IHEs) even if their income is low enough otherwise to qualify for the maximum award.) Authorizes and [...]

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Latest Action: 08/03/2007 - Read twice and referred to the Committee on Veterans' Affairs.

Bill Text
To amend title 38, United States Code, to make certain improvements in the provision of health care to veterans, and for other purposes. 7/30/2007--Passed House amended.    (There is 1 other summary) Veterans' Health Care Improvement Act of 2007 - (Sec. 2) Authorizes the Secretary of Veterans Affairs to make grants to private, nonprofit entities to conduct workshop programs to assist in the therapeutic readjustment and rehabilitation of veterans who served on active duty in a theater of combat operations after the Persian Gulf War, or in combat during a period of hostilities after November 11, 1998, and are discharged or released from active duty on or after September 11, 2001 (covered veterans). Limits grant amounts to $100,000. Requires annual reports from the Secretary to the congressional veterans committees on the use of such grants and their benefits to covered veterans. Authorizes appropriations. (Sec. 3) Directs the Secretary to establish [...]

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Latest Action: 03/06/2008 - H.AMDT.967 Amendment (A009) offered by Ms. Sutton. (consideration: CR H1389-1390; text: CR H1389) An amendment numbered 9 printed in House Report 110-539 to require the Corporation for National and Community Service to conduct a study to identify specifi

Bill Text
To reauthorize and reform the national service laws. 11/1/2007--Reported to House amended.    (There is 1 other summary) Generations Invigorating Volunteerism and Education Act, or the GIVE Act - Amends the National and Community Service Act of 1990 (NCSA) and the Domestic Volunteer Service Act of 1973 (DVSA) to revise their programs and reauthorize appropriations for them through FY2012. Title I: Amendments to National and Community Service Act of 1990 - Revises under the NSCA: (1) the School-Based and Community-Based Service-Learning programs and Higher Education Innovative Programs for Community Service, also known as Learn and Serve programs; (2) National Service Trust programs, also known as AmeriCorps; (3) the Civilian Community Corps Demonstration program; and (4) the Investment for Quality and Innovation program. Subtitle A: Amendments to Subtitle A (General Provisions) - (Sec. 1101) Adds to NSCA purposes: (1) providing [...]

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Latest Action: 07/17/2007 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Bill Text
To amend the Community Reinvestment Act of 1977 to allow the direct support by a financial institution of a qualified community-based financial literacy program provided to consumers and borrowers to be taken into account in assessing the institution's record of meeting the credit needs of its entire community, and for other purposes. 6/22/2007--Introduced. National Financial Literacy Act of 2007 - Amends the Community Reinvestment Act of 1977 to require federal financial supervisory agencies jointly to prescribe regulations establishing: (1) minimum standards to be met by a community-based financial literacy program in order to be eligible for consideration as a qualified community-based financial literacy program; (2) procedures for financial institutions to apply to a federal financial supervisory agency for approval of such a program; and (3) a requirement that financial institutions submit a regular report on how the institution supported and promoted financial literacy [...]

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